Marcus & Millichap is pleased to present 162 E San Salvador Street, a 5-unit multifamily investment directly across from San Jose State University. This prime location ensures exceptional rental demand driven by the university’s nearly 37,000 students and vibrant surrounding neighborhood. Built in 1935, this property offers a diverse unit mix – one 2-bed/1.5-bath, one 1-bed/1-bath, and three spacious studios – providing steady, diversified income. Priced to sell at an attractive 7.90% CAP rate and 8.6 GRM, the asset delivers strong in-place cash flow with significant long-term appreciation potential. High-demand properties at this price point across from San Jose State are rare – this opportunity will not last.
Property Details
Price:
$1,200,000
MLS #:
ML82018284
Status:
Active
Baths:
0
Address:
162 E San Salvador Street
Type:
Commercial
Neighborhood:
699notdefined
City:
San Jose
Listed Date:
Aug 15, 2025
State:
CA
ZIP:
95112
Year Built:
1935
Schools
Interior
Cooling
None
Exterior
Parking Spots
0.00
Roof
Bitumen
Water Source
Public
Financial
Taxes
$16,279
Map
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162 E San Salvador Street
San Jose, CA
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